If the governor signs the legislation, taxes on businesses will go up by $128 million next year.

The Workforce Solutions Department projects the unemployment fund will run out of money by next March without any changes.

Under the legislation, average tax payments by a business for each of its employees will increase to about $370 a year starting in January. That's a jump of $155, or about 72 percent. Rates vary for businesses depending on their history of unemployment claims.

The bill eliminates benefits for jobless workers attending school full-time.

The measure won final approval early Thursday when the House accepted a Senate-passed version.